Crestline Management LP Buys 39,413 Shares of NETSTREIT Corp. (NYSE:NTST)

Crestline Management LP increased its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 152.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 65,254 shares of the company’s stock after acquiring an additional 39,413 shares during the period. Crestline Management LP’s holdings in NETSTREIT were worth $923,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of NETSTREIT by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 7,959,793 shares of the company’s stock valued at $112,631,000 after acquiring an additional 234,695 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in NETSTREIT by 5.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,834,118 shares of the company’s stock valued at $96,703,000 after purchasing an additional 354,973 shares in the last quarter. Cohen & Steers Inc. raised its position in NETSTREIT by 3.0% in the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company’s stock valued at $94,287,000 after purchasing an additional 191,846 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of NETSTREIT by 46.4% during the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company’s stock worth $67,924,000 after purchasing an additional 1,521,668 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC grew its holdings in shares of NETSTREIT by 30.8% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company’s stock worth $48,807,000 after purchasing an additional 811,632 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NTST shares. Capital One Financial started coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating on the stock. Wells Fargo & Company initiated coverage on shares of NETSTREIT in a research note on Monday, April 7th. They set an “overweight” rating and a $18.00 price target on the stock. Mizuho boosted their price objective on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Finally, Raymond James decreased their price objective on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $18.03.

Insider Activity at NETSTREIT

In other news, CEO Mark Manheimer acquired 6,384 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the acquisition, the chief executive officer now owns 304,572 shares in the company, valued at $4,669,088.76. This trade represents a 2.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders purchased 12,000 shares of company stock worth $183,172. 0.58% of the stock is owned by insiders.

NETSTREIT Price Performance

Shares of NTST stock opened at $16.17 on Friday. The firm’s 50 day moving average price is $15.57 and its two-hundred day moving average price is $15.12. The stock has a market cap of $1.32 billion, a PE ratio of -269.46 and a beta of 0.90. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.19%. NETSTREIT’s dividend payout ratio (DPR) is presently -560.00%.

NETSTREIT Profile

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.